This past week in gold

Jack Chan
Posted Jun 30, 2014

GLD – on buy signal.

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SLV – on buy signal.

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GDX – on buy signal.

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XGD.TO – on buy signal.

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CEF – on buy signal.

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(Click on images to enlarge)

This week's COT data is shocking as speculation went from extreme bearish to extreme bullish in just three weeks. Caution is advised.

Summary

Long term - on major sell signal since Mar 2012.
Short term - on buy signals.
Gold sector cycle - up as of 6/20.
With COT data already at levels of previous tops, upside is limited and risk has increased for the sector, caution is advised.

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Jun 28, 2014
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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